JPYINR trading range for the day is 58.39-58.77. JPY dropped as dollar rose after Fed’s Yellen said in congressional testimony that the U.S. central bank would consider raising interest rates at its upcoming meetings.
Japan’s PM Abe said that he agreed with Donald Trump at a weekend summit that currency issues should be left for finance leaders of each country to discuss. BOJ’s Kuroda said the central bank will not change its bond yield targets just because global long-term interest rates are rising.
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